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Piper Jaffray analyst Jason Deleeuw raised his price target for Global Payments to $152 saying the company posted "solid" Q4 results in-line with expectations of 12% revenue growth. Further, Global Payments provided "strong" 2019 guidance despite greater currency headwinds and an industry volume growth slowdown, Deleeuw tells investors in a post-earnings research note. The company remains one of his top picks with an Overweight rating.

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GPNGlobal Payments

$122.71

5.27 (4.49%)

01/08/19

GSCO

01/08/19UPGRADETarget $128GSCOBuy

Global Payments upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs analyst James Schneider upgraded Global Payments to Buy from Neutral and raised his price target for the shares to $128 from $122. The stock closed yesterday up $2.20 to $104.90. The company has transformed its business with software technology in recent years and is on track to sustain 18% earnings growth, even as the stock has declined 25% from the 2018 peak, Schneider tells investors in a research note. He believes the share pullback is overdone and has created an attractive entry point "to own a best-in-class merchant acquirer." Global Payments now trades at a valuation in line with the S&P 500 Index despite the company being on track to grow earnings 4.5 times faster, says Schneider.

01/23/19

COWN

01/23/19NO CHANGETarget $144COWNOutperform

Cowen 'most comfortable' with Global Payments heading into earnings

Cowen analyst George Mihalos said he is "most comfortable" with Global Payments heading into Q4 earnings. The analyst believes the company is well positioned to post at least high-single digit total company revenue growth in aggregate with sustained 20% adjusted earnings growth in 2019. He also sees ample room for expansion and capital allocation to drive upside to consensus. Mihalos reiterated his Outperform rating and $144 price target on Global Payment shares.

02/11/19

BARD

02/11/19NO CHANGETarget $130BARDOutperform

Global Payments elevated to Fresh Pick at Baird

Baird analyst David Koning elevated Global Payments to Fresh Pick as he expects good Q4 results and guidance. The analyst noted most of the financial tech companies that reported responded well to earnings. He also said execution has been strong and its valuation trades in line with its three-year average to the S&P's NTM P/E. Koning reiterated his Outperform rating and $130 price target on Global Payments shares.

02/14/19

MZHO

02/14/19NO CHANGETarget $136MZHOBuy

Global Payments price target raised to $136 from $118 at Mizuho

Mizuho analyst Thomas McCrohan raised his price target for Global Payments to $136 following the company's "solid" Q4 results and guidance. Global Payments' ongoing repositioning of its business into higher growth technology-enabled channels continues to have a positive effect on revenue growth and operating margin expansion, McCrohan tells investors in a research note. He reiterates a Buy rating on the shares.

Stock futures were higher throughout the early session amid optimism surrounding the ongoing trade talks with China. The President is scheduled to meet with China's top trade official this afternoon with hopes of forging a deal, according to reports. The futures action has led to a higher open for the market, which will have little to rely on other than trade headlines as the domestic economic calendar has nothing scheduled for release today. Nearly an hour into trading, the S&P is up 11 points, the Dow is up 130 points and the Nasdaq is up 34 points.